10 Best Cheap Stocks To Watch Right Now

10 Best Cheap Stocks To Watch Right Now: Bank of America Corporation(BAC)

Bank of America Corporation, a financial holding company, provides banking and nonbanking financial services and products to individuals, small- and middle-market businesses, large corporations, and governments in the United States and internationally. The company?s Deposits segment generates savings accounts, money market savings accounts, certificate of deposits, and checking accounts; and Global Card Services segment provides the U.S. consumer and business card, consumer lending, international card and debit card services. Its Home Loans & Insurance segment offers consumer real estate products and services, including mortgage loans, reverse mortgages, home equity lines of credit, and home equity loans. It also provides property, disability, and credit insurance. The company?s Global Commercial Banking segment offers lending products, including commercial loans and commitment facilities, real estate lending, leasing, trade finance, short-term credit, asset-based lending, and indirect consumer loans; and capital management and treasury solutions, such as treasury management, foreign exchange, and short-term investing options. Its Global Banking & Markets segment provides financial products, advisory services, settlement, and custody services; debt and equity underwriting and distribution, merger-related advisory services, and risk management products; and integrated working capital management and treasury solutions. The company?s Global Wealth & Investment Management segment offers investment and brokerage services, estate management, financial planning services, fiduciary management, credit and banking expertise, and asset management products. Bank of America Corporation serves customers through a network of approximately 5,900 banking centers and 18,000 automated teller machines. It was formerly known as NationsBank Corporation and changed its name on October 1, 1998. Bank of America Corporation was founded in 1874! and is based in Charlott e, North Carolina.

Advisors' Opinion:

• [By WWW.DAILYFINANCE.COM]

  Peter Foley/Bloomberg via Getty Images Goldman Sachs Group (GS) reported an 11 percent drop in quarterly profit as client activity remained constrained and fixed-income revenue shrank, but both earnings and revenue beat market estimates and the Wall Street bank's shares rose. Goldman said net income fell to $1.95 billion, or $4.02 a share, in the first three months of the year from $2.19 billion, or $4.29 a share, in the same period of 2013. Analysts on average had expected earnings of $3.45 a share, according to Thomson Reuters I/B/E/S. Total net revenue fell 8 percent to $9.33 billion, but beat the average estimate of $8.70 billion. Goldman's shares, which had fallen more than 20 percent since the start of the year to Wednesday's close, were up 2.31, or 1.4 percent, to $159.53 in early trading. "Investment Banking and Investment Management generated solid results, while market sentiment shifted throughout the quarter, constraining client activity in various parts of our franchise," Chairman and Chief Executive Officer Lloyd Blankfein said in a statement. Most of Goldman's rivals also reported a drop in revenue from fixed-income trading in the quarter, but Goldman has more at stake than others because it has a less diverse business mix. Goldman's revenue from fixed income, currency and commodities trading fell 11 percent from a year earlier to $2.85 billion in the quarter ended March 31. Fixed income investors have been holding off on trading in the face of uncertainty about how quickly the U.S. Federal Reserve will tighten monetary policy. Goldman makes most of its money from trading and investing in capital markets. This sets it apart from JPMorgan Chase (JPM), Citigroup (C) and Bank of America (BAC), which have big consumer lending businesses, and Morgan Stanley (MS), which has a large wealth-management arm. The ba! nk trades! securities for clients, underwrites stocks and bonds, advises on mergers and has an investment-management business that

• [By Dan Caplinger]

  Low interest rates have helped the economy recover from the financial crisis. But it has also hurt savers, and Wells Fargo (NYSE: WFC  ) , JPMorgan Chase (NYSE: JPM  ) , Citigroup (NYSE: C  ) , Bank of America (NYSE: BAC  ) , and other big banks seem stingier than ever when it comes to paying interest on bank accounts. Will a trend toward rising rates help savers?

• [By John Maxfield]

  The newly minted international standard, known as Basel III, pegs the ratio at 3%. Meanwhile, our regulators, in all their recently renewed glory, believe that banks should be required to hold capital equivalent to 5% of their assets -- and 6% if the bank is characterized as a systematically important financial institution, as are the two above, as well as Bank of America (NYSE: BAC  ) and Wells Fargo (NYSE: WFC  ) and others.

• [By David Hanson and Matt Koppenheffer]

  In this segment, David and Matt discuss ongoing litigation against Bank of America (NYSE: BAC  ) related to the Home Affordable Modification Program, or HAMP. How much damage can the Bank of America brand endure before public opinion turns against the nationally known name?

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/10-best-cheap-stocks-to-watch-right-now.html